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PharmaVentures retained to sell the former AstraZeneca manufacturing plant in UK
February 26, 2019
By: Tim Wright
Editor-in-Chief, Contract Pharma
Advisory firm PharmaVentures has been appointed to sell a former AstraZeneca manufacturing site in Avonmouth, near Bristol, England. The active pharmaceutical ingredient (API) plant was bought in 2016 by Avara Pharma Services who, as part of the deal, took over the drug substance manufacture of the high-cholesterol drug Crestor for AstraZeneca on a contract basis. Restructuring of the Avara group has resulted in the current decision to divest the Avlon facility. “We have had considerable...
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